The S&P 500 fell on Friday, Posting its biggest monthly loss of the year, as investors grappled with the prospect that higher interest rates could remain in place for some time.
The S&P 500 fell 4.9 percent in September, its worst month since December 2022. The S&P 500 fell 0.3% on Friday, while the Dow fell about 159 points, or 0.5%. The Nasdaq composite index rose 0.1%.
The S&P 500 is up 12% this year, down from a nearly 20% gain at its 2023 closing high in late July.
The yield on the benchmark 10-year Treasury note closed Friday at 4.572%, up from 4.090% at the end of August. That's the biggest monthly yield gain since September 2022, according to Dow Jones market data.



Tech stocks have been hit hard by rising interest rates. Apple Inc. (AAPL) shares are down 8.9% in September, while Nvidia Corp. (NVDA) shares are down 12%. The two stocks are up 32% and 198%, respectively, so far this year.
Energy was the only S&P 500 sector to end September in positive territory, up 2.5 percent for the month, helped by a rise in oil prices, with Brent crude, the global benchmark, up 9.7 percent for the month to $95.31 a barrel. Shares of Exxon Mobil Corp. (XOM) are up 5.7% this month, while Chevron Corp. (CVX) is up 4.7%.
Among individual stocks, Nike Inc. (NKE) shares rose 6.7% Friday after the athletic shoe giant's results beat Wall Street expectations.
The StoXX Europe 600 index fell 1.7 percent in September.